These 3 promoters of same company sold over 2,00,00,000 crore shares, complete details of significant block deals inside - don’t miss them!

Promoters of this company have sold around 1,67,41,156 crore shares, and these institutional investors have bought the shares. Complete details inside.

Looking for major block deals incurred in May 2024 to keep track of institutional investors and ace investors? You're at the right place. Here, we are going to share with you the list of block deals that occurred in May 2024. We will focus on the largest deals, especially if there are many buyers. In case two or three participants are involved, we will mention the complete details. If any investor has bought shares over 10 lakh and is a significant name along with the seller, we will mention it in the article.

Zaggle Prepaid Ocean Services

On May 2, there was a block deal that happened in Zaggle Prepaid Ocean Services, ICICI Prudential Mutual Fund bought 11,58,940 shares at Rs 302 per share. On the other side, VENTUREAST PROACTIVE FUND LLC sold 2,227,438 shares at the same price.

Gravita India

On May 3, a block deal involving Gravita India Limited took place. Abu Dhabi Investment Authority Monsoon purchased 7,50,000 shares at Rs 934.4 per share. The seller of this block deal was Rajat Agrawal (promoter of the company), who offloaded 7,50,000 shares at the same price of Rs 934.4 per share.  This Small-Cap company’s shares have delivered impressive multibagger returns of around 927 per cent in the past 3 years.

Jindal Saw 

On May 10, there were block deals involving Jindal Saw Limited. 4,15,000 shares were traded between ITI Mutual Fund and SOCIETE GENERALE at Rs 525.00 per share while Cresta Fund was the seller.

Furthermore, on May 16, another block deal took place in Jindal Saw. Nippon India Small Cap Fund purchased 18,00,000 shares at a trade price of Rs 541.45 per share. Additionally, Société Générale bought 2,00,000 shares at the same price of Rs 541.45 per share. On the other hand, Cresta Fund Ltd sold 20,00,000 shares of Jindal Saw Limited, also at Rs 541.45 per share. These transactions highlight significant trading activities in Jindal Saw Limited shares on that date.

Cipla

On May 15, 2024, a major block deal was executed in the Large-Cap Cipla Ltd. Aditya Birla Sun Life Mutual Fund purchased 22,96,000 shares at a trade price of Rs 1,345.00 per share. ICICI Prudential Mutual Fund also bought a significant quantity, acquiring 55,25,999 shares at the same price. On the selling side, Okasa Pharma Private Limited sold 1,89,375 shares at Rs 1,345.00 each. Additionally, prmoter Rumana Hamied sold 49,43,250 shares, Samina Hamied sold 89,54,750 shares, and Shirin Hamied sold 63,63,000 shares, at the same price.

PB Fintech 

On May 17, 2024, several significant block deals were incurred in PB Fintech Limited. Morgan Stanley Asia (Singapore) purchased 29,30,000 shares at Rs 1,325.15 per share. Société Générale - ODI also purchased 31,90,000 shares at the same price of Rs 1,325.15 per share. On the selling side, promoter Alok Bansal sold 29,70,578 shares, and Yashish Dahiya sold 54,00,000 shares at Rs 1,325.15 per share.

Granules India 

On May 22, 2024, a significant block deal was executed in Granules India Limited. Axis Mutual Fund purchased 25,26,000 shares at a trade price of Rs 405.1 per share. Fidelity Funds – India Focus Fund acquired 10,93,806 shares at Rs 405 per share. Massachusetts Institute of Technology bought 25,93,000 shares at Rs 405.1 per share. On the selling side, promoter Krishna Prasad Chigurupati sold 75,00,000 shares at the same price.

International Conveyors 

On May 23, 2024, significant block deals occurred involving Intl Conveyors Limited. I G E (India) Private Limited purchased 27,30,000 shares at a trade price of Rs 84.1 per share. On the selling side, Surbhit Dabriwala sold 27,30,000 shares at Rs 84.1 per share.

Star Health & Allied Insurance Company

On May 23, 2024, significant block deals took place involving the Mid-Cap company Star Health & Allied Insurance Company Ltd. Multiple buyers participated, including 3P India Equity Fund 1, Aditya Birla Sun Life Mutual Fund, East Bridge Capital Master Fund I Ltd, HDFC Mutual Fund, ICICI Prudential Life Insurance Company Ltd., Morgan Stanley Asia Singapore Pte, and Plutus Wealth Management LLP. They collectively acquired substantial quantities of shares totaling 2,64,55,619.

Conversely, on the selling side, Apis Growth 6 Ltd, MIO IV Star, and Roc Star Investment Trust sold large quantities of shares amounting to 4,13,18,366. All transactions occurred for Rs 535 per share, reflecting notable trading activities in Star Health & Allied Insurance Company Ltd shares on that day.

Investors must keep these stocks on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.